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Consumption taxes also collect revenue from underground and black market sources. Prostitutes and drug dealers don't pay income tax, regardless of the rate; however, they still have to buy food, water, clothes, etc. like the rest of us and taxes will be collected from that consumption.
how do you plan on taxing the rich then? they wont spend their money here, they'll take a $100,000 vacation to europe or brazil once a month.... happily enjoying the untaxed cash flow from their investments.
$100,000 vacation once a month? Doubt it. They'll still be buying their groceries here, still need to buy cars and whatnot here, etc. and that will be taxed.
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[–] zambeezy 0 points 1 point 1 point (+1|-0) ago
Consumption taxes also collect revenue from underground and black market sources. Prostitutes and drug dealers don't pay income tax, regardless of the rate; however, they still have to buy food, water, clothes, etc. like the rest of us and taxes will be collected from that consumption.
[–] 9-11 ago
how do you plan on taxing the rich then? they wont spend their money here, they'll take a $100,000 vacation to europe or brazil once a month.... happily enjoying the untaxed cash flow from their investments.
[–] zambeezy ago
$100,000 vacation once a month? Doubt it. They'll still be buying their groceries here, still need to buy cars and whatnot here, etc. and that will be taxed.